Indian stock market benchmarks, Sensex and Nifty 50, rebounded over one per cent in intraday trade on January 28, following two days of losses, driven by strong buying in banking and financial stocks.

Highlights: Among the broader markets, the Nifty Smallcap 100 index gained 0.12 per cent, while the Nifty Midcap 100 index edged lower by a marginal 0.01 per cent

ITC Ltd's hotel arm, ITC Hotels, is set to list on the bourses today. ITC decided to demerge its hotel business into a separate listed entity to unlock shareholder value

The 30-share BSE Sensex declined 824.29 points, or 1.08 per cent, to 75,366.17. The broader Nifty 50 tanked 263.05 points, or 1.14 per cent, to close at 22,829.15.

Indian benchmark indices extended the selloff on Tuesdays and are poised to close at the lowest level since the June crash. Selloff in Oil and Gas stocks and banks led the declines in the benchmark index. Nifty 50 index fell below 23,000 for the first time since June 7, 2024, and Sensex fell nearly 1,300 points on Tuesday.

The Indian stock market closed Wednesday's trading session on a positive note with benchmark indices rallying ahead of the monthly expiry and the upcoming Union Budget session. The stock market had seen a positive movement on Tuesday also.